Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Tuesday, but losses were expected to remain limited as news of a third bailout deal for Greece continued to support demand for riskier assets.
NZD/USD hit 0.6667 during late Asian trade, the pair's lowest since July 8; the pair subsequently consolidated at 0.6682, edging down 0.19%.
The pair was likely to find support at 0.6622, the low of July 8 and resistance at 0.6753, Tuesday's high.
Market sentiment remained supported after euro zone leaders reached a unanimous agreement on a third bailout deal for Greece on Monday, following marathon weekend-long talks.
The Greek parliament must now pass new legislation by Wednesday to raise sales taxes, cut pension payments and enforce automatic spending cuts if the next budget misses its targets before negotiations on a third bailout program can begin.
Parliaments in several euro zone countries will also have to approve any new bailout.
The kiwi was lower against the Australian dollar, with AUD/NZD climbing 0.50% to 1.1120.
Earlier Tuesday, the National Australia Bank reported that its business confidence index rose to 10 last month from a reading of 7 in May.